One of Liz Truss’ first major moves as the new British Prime Minister was to set a cap on energy bills in a bid to combat the cost of living crisis. The new PM announced the typical household “will pay no more than £2,500 per year for each of the next two years”.
The cap will come into force from October 1, when annual energy bills were expected to reach £3,549 courtesy of Ofgem’s price cap. Truss claimed these measures will give the average household “a £1,000 saving per year”.
Electronics provider Freemans has conducted a study which reveals the average cost of household appliances and how much could be saved by the energy cap put forth by Truss. They also compared each monthly cost with the current levels and how much more will still have to be paid.
